Accountant - Altron Campus Woodmead Block D at Altron Bytes Systems Integration

Job Description

The primary responsibility of a management accountant is the development, analysis, and interpretation of financial information to guide strategic decision-making. This role involves preparing financial reports, budgeting, variance analysis, and collaborating with internal stakeholders to optimise financial processes.

Develops, implements and/or maintains one or more accounting systems: Journal entries, General Ledger, Revenue Reconciliation, etc. Reviews and interprets financial reporting requirements, rules, and regulations. Balances books and assists in the preparation of the profit and loss, cash flow, income, and balance sheet statements. Monitors and develops monthly reports of revenues and expenditures for projects. Provides record of assets, liabilities, and other financial transactions. May assist in the setup of processes and procedures that properly capture, track and report revenue, including deferred revenue, in accordance with the company revenue recognition policy. May generate revenue reports for internal and/or external use. May interpret reports and records for managers/stakeholders. May be involved in reviewing, tracking, and maintaining billing information in the financial systems, ensuring accuracy and compliance with accounting regulations.

KEY RESPONSIBILITIES:

• Prepare and process journal entries as required. Including reconciliations. 
• Assist in the preparation of the business unit income statements
• Ensure compliance with accounting standards and regulatory requirements.
• Collaborate with business unit executives and the financial business partners to develop annual budgets and forecasts.
• Monitor and analyse budget variances, providing insights and recommendations.
• Conduct detailed cost analysis to identify areas of efficiency improvement and cost-saving opportunities.
• Provide cost-related insights to support decision-making.
• Review and interpret financial reporting requirements, rules, and regulations.
• Monitor and develop monthly reports of revenues and expenditures for projects.
• Track and report customer profitability, considering revenue, costs, and related factors.
• Track and report the profitability of different product or service offerings.
• Maintain accurate records of assets, liabilities, and other financial transactions.
• Assist in the setup of processes and procedures to capture, track, and report revenue, including deferred revenue, in accordance with company policies.
• Interpret reports and records for managers and stakeholders, providing insights into financial performance.

ACCOUNTABILITY :

• Meet deadlines
• Ensure all recons are done monthly with no errors
• Accuracy of all financial records
• Ensure that all entries are done correctly
• Tracking the Profitability of all projects
• Tracking profitability per project monthly

COMMUNICATIONS & WORKING RELATIONSHIPS:

• Trust, teamwork, communication, and respect are keys to effective working relationships. Develop positive relationships with the individuals you interact with at work to make your job more enjoyable and productive.
• Interaction with the finance team is essential for overall alignment with financial goals, budgeting, and financial planning.
• Tight interlock with the financial business partners that the role reports into.
• Regular communication with management and leadership teams to provide financial insights and reports, and to discuss financial strategies (aligned to the function they are assigned to support).
• Collaboration with billing and accounts receivable teams to ensure accurate recording of billing information and proper revenue recognition.
• Interaction with the accounts payable team to coordinate payment processes and ensure accurate recording of expenditures.

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Educational Qualifications:

• Bachelor’s degree in accounting, Finance, or a related field.

Experience:

• Proven experience in accounting or a related role.

Other requirements:

• Knowledge of accounting principles, financial reporting requirements, and tax regulations

Core Competencies:

• Strong analytical and problem-solving skills for interpreting financial data and reports.
• Meticulous in recording and reviewing financial transactions to ensure accuracy.
• Clear and effective communication with internal teams, managers, and stakeholders.
• Excellent organizational and time management skills to meet deadlines and prioritize tasks.
• Understanding of accounting regulations, financial reporting requirements, and tax compliance.
• Proficient in using accounting software and financial systems.